Hello everyone,
I don't mind what people say or how much fear you're suffering. The FTX & Alameda Scandal is a great time to buy progressively and accumulate. And this is exactly what I'm doing with the little room for maneuver that I have. Let's recap.
-The first thing that I want to say (and maybe something which I should have done earlier, dunno).
- SEED funds have not been exposed in any way to the FTX scandal. I hold everything in cold wallets.
I only use centralized exchanges when I need to, and funds don't remain there for more than a few minutes (the time which it takes to deposit crypto A, trade, and cash out crypto B. You should do the same. You know... not your keys...
Hive assets for SEED are held on @seed-treasury, as most of you already know.
Our ETH wallet is 0x3D2B2D9702D424FEb4b20935f5F5dAC955dB4baf, and there sits the DAO's staked and all the vested tokens (which unfortunately any interface show properly).
This doesn't mean that the last crash affected us... far from that. We suffered a very decent drawdown in % terms. I'm somewhat sad to say that now the SEED-backed value is very near its initial price of 1$.
What has been eaten for what has been served...though
I keep accumulating more ETH and ORN. ETH is a very safe fundamental play that will only get better and better. ORN is much more speculative but it has the edge in market cap which we need for scoring those juicy x25-x50 multipliers in the future.
We still hold 3K$ in BUSD and CUB.
Capitulation is near I believe. Doesn't matter if BTC hits 14 or 12K at this point, damage has already been done. This is my permabull opinion. Now our hands can't tremble.
Our holdings stay as follows:
the bar chart draws a new low obviously:
Current SEED Stats
- Circulating supply: 100K (full released)
- Total value of AUM: 110000$
- Backed value of each SEED: 1,1$
As I said we almost returned to the initial point. It's not that bad since Bitcoin did a -75% and most of the other alts a -90%, but hey it is as it is. Seems that we'll have a few dark/uncertain months ahead.
Keep accumulating! And don't forget to enjoy the remaining of your weekend.
50% of blogging rewards paid to @seed-treasury.
Remember you can follow the portfolio in real-time here:
https://cointracking.info/portfolio/seedtreasury
You can join us on Telegram and follow me on Twitter.
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Posted Using LeoFinance Beta
Turns out seed is more transparent than FTX ;)
😂 no doubt about it
Alameda's investment strategy.
Lol, it's funny because it's true. Imagine someone telling you that 1 year ago.
Well, it is what it is indeed. I'm sure we'll get through this.
Thanks for the transparency and the great work as usual
Posted Using LeoFinance Beta
This 100K LARYNX can also be multibagger.
Thanks for reports.
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@tipu curate
Upvoted 👌 (Mana: 0/38) Liquid rewards.
It could be capitulation but I feel that we need another move down to shake out the longs before things go back up. For some reason, I just feel that the bad news hasn't ended yet because there are probably a ton of cryptos affected by FTX.
Either way, SEED has taken a hit but it's doing better than the overall market. The losses haven't been as large.
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Hmmm dropping big in the last hours, since seems that DAO felt off a cliff. Still researching if there's something more behind of it's just a few largeholders unstaking and exiting (feels like it so far).
Faith in crypto was hit hard. I am not surprised to see people just get out for now until it's safer in the future.
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good analysis
My bulla better times come
Definitively! Only have to survive.
Big bear hug for ya
Absolutely!! DCA'ing since last week. As for leaving funds in exchanges/ centralised entities, I've learned my lesson with Celsius a few months back. ;) Saludos!! !BEER
Tal cuál amigo... es duro, pero solo nos queda seguir adelante con lo que sí tenemos. Nos vemos al otro lado ;)
Pues si! Y que en el otro lado estea una isla caribeña! ;) !BEER